OCBC Malaysia's FY19 net profit increases 17% to RM954mil


OCBC Bank (M) Bhd CEO Datuk Ong Eng Bin

KUALA LUMPUR: OCBC Bank (M) Bhd and its subsidiaries (OCBC Malaysia) has recorded a 17 per cent rise in net profit to RM954 million for the financial year ended Dec 31,2019 (FY2019).

In a statement today, the bank said that this was the highest net profit it had ever recorded; underpinned by a strong nine per cent growth in total income, mainly due to higher gains on disposal of financial investments along with net interest income.

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OCBC , Ong Eng Bin , Covid-19

   

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